Texas Finance Code

§ 92.254 — HEARING ON APPLICATION

FI § 92.254Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part C. SAVINGS BANKS · Ch. 92. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS · Art. F. CONVERSION OF SAVINGS BANK TO OTHER FINANCIAL INSTITUTION

Statute text

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(a)A hearing set under Section 92.253(2) must be held not later than the 25th day after the date the application is filed unless a later date is agreed to by the applicant and the commissioner.

(b)The commissioner or a hearing officer designated by the commissioner shall conduct the hearing.

(c)The hearing shall be conducted as a contested case under Chapter 2001, Government Code, except that:

(1)a proposal for decision may not be made; and

(2)the commissioner shall render a final decision or order not later than the 15th day after the date the hearing is closed.

(d)Chapter 2001, Government Code, governs a motion for rehearing and the availability of judicial review if the commissioner denies the application to convert.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.